Kroger Appoints Former Walmart Executive as CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Should l Buy KR?
Source: Newsfilter
- Executive Change: Kroger has appointed former Walmart executive Greg Foran as its new CEO, aiming to enhance corporate governance and operational efficiency, which is expected to bring new leadership and strategic direction to the company.
- Stock Reaction: Following this announcement, Kroger's shares rose approximately 6% in premarket trading, indicating market confidence and expectations for the new CEO, which could improve the company's performance in a highly competitive retail landscape.
- Background Analysis: Foran previously served as CEO of Walmart's U.S. operations, where he successfully drove operational transformations; analysts believe his experience will help Kroger tackle current challenges of weak consumer spending and increasing competition.
- Strategic Challenges: Under Foran's leadership, Kroger faces pressure from competitors like Walmart while needing to address the decline in consumer spending on essentials, which will test Foran's leadership capabilities and strategic execution.
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Analyst Views on KR
Wall Street analysts forecast KR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KR is 75.00 USD with a low forecast of 68.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
9 Buy
6 Hold
0 Sell
Moderate Buy
Current: 67.500
Low
68.00
Averages
75.00
High
85.00
Current: 67.500
Low
68.00
Averages
75.00
High
85.00
About KR
The Kroger Co. is a food and drug retailer. The Company operates supermarkets, multi-department stores and fulfillment centers throughout the United States. It operates approximately 2,731 supermarkets, 2,273 pharmacies and 1,702 fuel centers in over 35 states and the District of Columbia while also operating online through a digital ecosystem to offer customers an omnichannel shopping experience. The Company also manufactures and processes food for sale in its supermarkets and online. It offers Pickup and Harris Teeter ExpressLane personalized, order online, pick-up at the store services at approximately 2,412 of its supermarkets and provides delivery, which allows it to offer digital solutions to substantially all of its customers. Its delivery solutions include orders delivered to customers at retail store locations, customer fulfillment centers and orders placed through third-party platforms. The Company also offers customer-facing apps and interfaces.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Executive Appointment: Kroger has appointed former Walmart executive Greg Foran as its new CEO, a significant leadership change nearly a year after Rodney McMullen's resignation due to an internal investigation, aimed at enhancing operational efficiency and market competitiveness.
- Digital Transformation: Foran's experience at Walmart, where he accelerated digital capabilities and achieved positive comparable sales growth for 20 consecutive quarters, comes at a crucial time for Kroger as it seeks to compete with Walmart and Amazon, likely accelerating its e-commerce development.
- Profitability Enhancement: In conjunction with the CEO announcement, Kroger reaffirmed its full-year guidance for identical-store sales growth of +2.7% to +3.4% and EPS of $4.70 to $4.80, which helps bolster investor confidence and has driven shares up nearly 6% ahead of Monday's open.
- Strategic Adjustments: Kroger is actively working to improve profitability in its digital business by reducing headcount and closing underperforming fulfillment centers, targeting approximately $400 million in e-commerce improvements, demonstrating the company's commitment to a strategic pivot in digital transformation.
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- Leadership Change: Kroger has appointed Greg Foran as the new CEO, succeeding Ron Sargent, who served as interim CEO since March 2025, with this transition aimed at advancing the company's growth strategy amidst a slight decline in broader markets.
- CEO Background: Foran brings over 40 years of experience in leading large consumer businesses, having successfully implemented digital transformations at Walmart U.S., and most recently served as CEO of Air New Zealand, where he navigated challenges during the pandemic.
- Financial Outlook: Kroger is set to release its earnings report on March 5, 2026, with adjusted earnings guidance of $4.75 to $4.80 per share, slightly below the consensus estimate of $4.80, indicating a cautious approach to maintaining profitability.
- Market Performance: Kroger shares rose 6.81% in premarket trading to $72.09, trading 12.9% above its 20-day simple moving average, reflecting strong short-term momentum in the stock market.
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- Leadership Change: Kroger has appointed Greg Foran as the new CEO, effective immediately, succeeding interim CEO Ron Sargent, who has held the position since March 2025, ensuring a smooth leadership transition.
- Extensive Management Experience: Foran brings over 40 years of experience in leading consumer businesses, having managed operations across five countries, and most recently served as CEO of Air New Zealand, where he successfully led a company-wide digital transformation.
- Former Walmart Executive: Prior to his role at Air New Zealand, Foran led Walmart U.S. for six years, overseeing a turnaround of the company’s largest division until 2019, demonstrating his deep background in the retail sector.
- Board Membership: Foran will also join Kroger's board, further strengthening the company's governance structure, while Sargent will continue as Chairman of the Board to ensure a smooth leadership transition.
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